Volvo Ab News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Shares of truckmaker Volvo AB dropped as much as 5.9% in Stockholm on Friday on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about 14.1 billion Swedish kronor ($1.3 billion).Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingOil Erases Advance After Iranian Medi

"The situation is still developing and we will do our best to make sure we find ways to distribute vehicles out into the market," Volkswagen USA CEO told CNBC.

Volvo Cars shares surged more than 20% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.

Tesla's had a bad week. Its earnings missed expectations and its shares plunged. Kingsley Jones of Jevons Global shares what's next and the EV names he likes.

(Bloomberg) -- Volvo AB declined after saying the truckmaker will gradually reduce production to move in line with normalizing demand following years of supply-chain disruptions that left manufacturers with record order banks.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageUS Extends Lead Over China in Race for World’s Biggest EconomyTesla Sinks After Warning About ‘Notably Lower’ Growth RateJPMorgan Shuffles Top Managers as Jamie Dimon Prepares Successors“The